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Interest rate rise - how does it effect you?

1K views 17 replies 16 participants last post by  Mo 
#1 ·
Makes a ?2.50 difference to me, but how does it effect you? And how would another few rises, say going up to 6% effect you?

Just interested really as I saw the BBC rporting people are going to have to lose their homes and I don't see how a 0.25% rise can hit them that hard, they must have over stretched in the first place? (Although they have gone up 0.75% in 6 months).

So what does the rise mean to you? Apparently ?16 extra for every ?100,000 owed.
 
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